Accounting: Tools for Business Decision Making, 5th Edition

by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.

Published by Wiley

ISBN 10: 1118128168

ISBN 13: 978-1-11812-816-9

Chapter 3 - The Accounting Information System - Brief Exercises - Page 137: BE3-2

Answer

See explanation

Work Step by Step

1.cash $60,000$ To bonds $60,000$ (being bonds issue in cash) 2.dividend $9,000$ To cash $9,000$ (being dividend paid in cash) 3.cash $13,000$ To sales $13,000$ (being cash for service provided ) 4.purchase $3,100$ To suppliers account $3,100$ (being goods purchase on credit)

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